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the gross income for each HESA hotel that used the Hyatt names
and marks and for chain services. In the case of the Hyatt
Regency Acapulco, however, which was already a Hyatt
International hotel, HIC (Mexico) would receive 90 percent of the
fees (including 15 percent for SIASA), without regard to the
administrative expenses incurred in connection with that hotel.
During 1982, due to the increased number of hotels under
HESA management, the agreement between HESA and HHK was amended,
reducing the percentage HESA was to pay HHK as a fee for services
and reducing the royalty for the trade names and chain services
from 2 to 1 percent of hotel gross income.
D. Atrium Hyatt Budapest Agreements
The Atrium Hyatt Budapest opened during June 1982. The
agreement concerning this hotel was in the nature of a franchise.
The Hyatt International group agreed to provide technical
services, preopening services, management expertise, and chain
services, in addition to allowing the use of the Hyatt trade
names and marks. The parties agreed that the general manager was
to be chosen by the hotel and trained by the Hyatt International
group. The Hyatt International group agreed to provide training
at its existing hotels for other key personnel. For 3 years, the
hotel agreed to pay $1.50 per day for each occupied room, plus a
percentage of room revenue for reservations booked through Hyatt
International services, and a percentage of revenue from room,
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